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<br />Mr. Steve Edwards <br />June 17, 1985 <br />Page Two <br /> <br /> <br />The estimated cost for the defined contribution plan ~_of p~rtici- <br />pating payroll of $303,375 or $18,203. This plan would be designea <br />pursuant to code section 457. <br /> <br />We estimate that our fees to draft the plan would be $1,000 to $1,250 <br />and our fee to perform annual administration including ¡¡-V[fùat1on -- <br />report, ·individual benefit statements and general consulting would <br />be $750 to $1,000. <br /> <br />Malott Nyhart will contact you to discuss these results. If in the <br />meantime there are any questions, please feel free to contact us. <br /> <br />Sincerely, <br /> <br />TilE NYHART COMPANY, INC. <br />By: rJr~¿~ <br />~~~n L. T~~, EA, MAAA <br />Actuary <br />Manager, Special Projects <br /> <br />Ilr <br />Enclosure <br /> <br />600-1 <br /> <br />THE NYHART COMPANY, INC, 3505 north washington blvd,. p, 0, box 88187, indianapolis, indiana 46208 <br /> <br />. <br />